Wall Street Watch: Cisco Earnings Indicate an Economy En Route to Growth
Filed under: Earnings, AMD, Cisco Systems, Market News
Cisco (CSCO) is starting to step up.
The tech bellwether that provides networking equipment including routers and switches posted better than expected quarterly results after Tuesday’s market close.
Revenue climbed 6% to $11.9 billion, and adjusted earnings rose 12% to $0.48 a share. These may not seem like major steps forward, but analysts were settling for a profit of $0.46 a share on $11.8 billion in revenue. History would indicate that they probably saw this coming. Cisco has now landed…
Wall Street Watch: Cisco Earnings Indicate an Economy En Route to Growth originally appeared on DailyFinance.com on 2012-11-14T06:00:00Z.
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